Premium Essay

Famous Brand 3m

In: Business and Management

Submitted By qils
Words 2449
Pages 10
Ticker: MMM Sector: Industrial Materials Industry: Conglomerates

Recommendation: Hold Pricing Closing Price $79.18 (2-12-10) 52-wk High $85.19 (1-19-10) 52-wk Low $40.87 (3-06-09)

Market Data Market Cap $56.27. B Total assets $27.63 B Trading vol. 3.7M (3mo avg)

Valuation EPS (ttm) $4.52 P/E (ttm) 17.53 Div Yield 2.6 Profitability & Effectiveness (ttm) ROA 10.12% ROE 22.75% Profit Margin 12.41% Oper Margin 18.8% Gross Margin 46.6%


Company Background

3M is a diversified global technology and manufacturing company offering a broad range of products. It was founded in 1902 along the north shore of Lake Superior in Minnesota by Henry Bryan,
Herman Cable, John Dwan, William McGonagle and Dr. J. Danley Budd. The original plan for the company was to mine the mineral corundum which would then be sold to manufacturers of grinding wheels. The company first began its product portfolio with sandpaper and has grown it to over 55,000 products today. Some of the most recognizable brands include Filtrete, Nexcare, Scotch, Post-It and Scotch-Brite. It is currently headquartered in Maplewood Minnesota, a suburb of St. Paul, and has over 76,000 employees worldwide. 3M Corporation was originally known as Minnesota Mining and Manufacturing Company and is an America Multinational Conglomerate Corporation. It is one of 30 companies listed in the Dow Jones Industrial Average and is also a component of the Standard and Poor’s 500 index.

3M is a very diversified globally and continues to look for opportunities to grow its international businesses. Some of the major acquisitions over the past year have occurred in markets outside the US. International sales currently account for...

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